Allan
Folk, Chair of the nominating committee, stated: “We are very pleased to
appoint Greg to the role of President & CEO on a permanent basis. Several highly qualified candidates were
considered however none had his industry knowledge and all-round mining
experience. Since stepping in on an interim basis in February 2019, he has
strategically repositioned the Company to realize the potential of its
Urban-Barry assets.”

Mr.
Gibson cumulates over 35 years’ experience in the mining industry both as an
executive and operator, with hands on experience as a miner, mine manager,
chief executive officer and director. He
has been involved with several gold and copper mines located in Canada, the United
States and Australia and has successfully led Trelawney Mining and Exploration
as president, CEO and director from an early explorer to its $608 million sale
to IAMGOLD in 2012.

Mr.
Lavigne is an economic geologist with over 30 years experience covering
exploration, delineation, resource estimation, and mine development. Mr.
Lavigne has developed expertise in gold mineralization systems through project
work and consulting assignments in SE Asia, Colombia, Peru, Mexico, the western
USA, and Archean terrains in eastern and northern Canada. Mr. Lavigne has a M.Sc. in geology and is a
registered Professional Geologist (P.Geo.)

“I
am excited to continue in this role and to work with Jamie, whose range of
experience in the exploration and development cycle will be an important asset
as we expand and advance our current resources and explore our large land
position in the Urban-Barry camp.” added Greg Gibson.

Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This press release contains “forward-looking information”
that is based on Bonterra’s current expectations. The words “will”,
“anticipated”, “plans”, “expects” or other similar words and phrases are
intended to identify forward-looking information. Forward-looking information
is subject to known and unknown risks, uncertainties and other factors that may
cause Bonterra’s actual achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include
but are not limited to uncertainties of the outcome of the exploration
programs, resources being identified and the development of the Company’s
assets. These and other factors should
be considered carefully and readers should not place undue reliance on such
forward-looking information. Bonterra disclaims any intention or obligation to
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.